PurpleSkyz

Posted on Wednesday, August 27, 2014 by Light Worker 29501France has already announced their intention to follow Germany in abandoning the G8/NATO allies in favour of BRICS, largely in response the NSA spying. Now, Christine LaGarde is back in the news for the long-running French investigation into possible corruption. Will she be one of the 100,000 cabalists to be arrested? It is beginning to look that way. -LW

PARIS — Christine Lagarde, the head of the International Monetary Fund, said on Wednesday that French prosecutors had placed her under formal investigation, in a long-running inquiry into a murky business affair that dates to her time as finance minister under President Nicolas Sarkozy.Ms. Lagarde said in a statement through her lawyer that she was being investigated for “simple negligence,” by the Court of Justice of the Republic, the judicial body that is charged with investigating the conduct of high government officials. The court in 2011 had ordered an investigation of whether Ms. Lagarde abused her authority in a dispute involving a multimillion-dollar payout in 2008 to a French tycoon.Ms. Lagarde, who has denied wrongdoing from the start, said in a statement on Wednesday that the decision by a judicial committee to place her under formal investigation was “totally unfounded” and that she had instructed her lawyer to appeal.She made the announcement a day after she was questioned for a fourth time in the investigation of her role in 2008 during an arbitration proceeding between the government and Bernard Tapie, a onetime cabinet minister and the former owner of the Adidas sportswear empire. Prosecutors had assigned Ms. Lagarde the status of “assisted witness” in the case. Placing her under formal investigation signals that prosecutors now believe they have evidence of wrongdoing, but the charge of negligence hardly suggests high crimes.Full Story.